Tagged: smbs

Australian Banking Challenger Judo Bank Shares Top Factors SMEs Need their Banking Service Providers to Deliver

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

Lithuania’s Debitum, which Offers Borderless SME Financing, Reveals its Portfolio has Crossed €4M Mark

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

European Fintech iwoca Releases New Index on the SME Lending Landscape

European Fintech firm iwoca has released a new index on the SME lending landscape. As noted in a blog post by iwoca, the company’s “SME Expert Index” is described as “an exclusive” index that includes UK brokers which “gives specialist insight on the health of… Read More

Ireland’s P2P Lender Linked Finance Reports Issuing €7M in Loans via Government’s Credit Guarantee Scheme

Ireland’s P2P lending platform, Linked Finance, recently welcomed the government’s extension of its €2 billion credit guarantee scheme. The Linked Finance team also confirmed that it has issued €7 million in loans through the scheme (to date). Linked Finance is proud to have provided over… Read More

Malaysian Digital Wallet Provider Boost Joins PayNet Real-Time Retail Payment Platform

Digital wallet provider Boost recently revealed that it’s now a part of the PayNet Real Time Retail Payment Platform (RPP). Boost confirmed that it will be adopting DuitNow QR (beginning on March 26, 2021). DuitNow QR is the national QR code standard used in Malaysia…. Read More

Microfinancing and Microinsurance Platform Aspirasi to Offer Seamless All-Digital Financing Options to Online Consumers

Aspirasi, an online micro-financing and micro-insurance platform operating under Axiata Digital, is providing a more convenient and all-digital financing option for online consumers via Aspirasi CashNow. Now available via digital commerce platform Lazada Malaysia, Aspirasi CashNow is currently open for applications to all Malaysia-based residents… Read More

Fintech Become, an Online Lending Platform for SMEs, Shares Insights on Customer Satisfaction and Digital Commerce

Fintech firm Become, an online lending platform for SMEs, has shared insights on what may be considered the “real value” of creating a happy or satisfied customer. According to Become, that really is “the million-dollar” (or now billion-dollar due to inflation) question in the world… Read More

AI enhanced Fundbox, a Credit Platform for B2B Commerce, Reveals how to Apply for Online Financing without Collateral

The team at Fundbox, an AI-driven credit platform for B2B commerce, recently published a blog post that looks into the possibility of getting a business loan without providing collateral. Fundbox’s blog post notes that when we are planning to expand our business, many of us… Read More

Digital Banking Challenger Monzo Celebrates 1 Year of Monzo Business, Plans to Support International Payments

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

Expense Management Fintech Divvy Confirms it Supports Small Businesses with Better Financial Tools and Budget Controls

Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, has published a blog post that looks into how small businesses can settle their tax payments. Divvy confirms in its blog post that the… Read More

Women Entrepreneurs Reveal how they Launched Small Businesses During Pandemic, Supported by Digital Payments with PayPal

The Research and Insights team at PayPal (NASDAQ: PYPL) notes that when the COVID-19 pandemic began, Jennifer Vaughan started noticing a visible change in her business’s customer base. Usually, Jennifer’s “high-end” paper store, Mulberry Paper and More, had been appealing to professional artists. However, Jennifer… Read More

DBS Becomes First Major Asian Bank to Finalize Trade Financing Transaction via AntChain’s Trusple Platform

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

Dayra, an Egyptian Credit Solutions Fintech for Gig Workers, Secures $3M in Funding, Joins Y Combinator

Egyptian Fintech firm Dayra has reportedly joined Y Combinator and has also acquired $3M in pre-seed funding. Dayra is a Cairo-headquartered Fintech company offering modern financial services to the nation’s unbanked gig economy workers and micro-businesses. Darya has reportedly joined Y Combinator’s Winter 21 batch,… Read More

JPMorgan Chase & Co Appoints Ex- HSBC Holdings Exec Jeremy Balkin as its Head of Fintech and Innovation for Wholesale Payments

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

UK’s Invoice Financing Platform MarketFinance Reports Reaching Profitablity, Kicks Off 2021 with Considerable Increase in Lending

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has reported reaching profitability as it returns a record start to the year. The Fintech business lender has reportedly started the year off with a considerable increase in lending volumes. MarketFinance has disbursed… Read More

Silicon Valley Fintech Brex Launches Instant Payouts Feature, Now Available for Sellers on Shopify and Amazon

Fintech Unicorn Brex has announced the launch of its Instant Payouts feature, which is now available for sellers on Shopify, enabling them to instantly access payouts, earn cash back, and “free up cash flow so they can scale their businesses faster.” Last Fall, Brex introduced… Read More

Fintech Lenders: Boston’s Forward Financing has Now Provided $1B in SME Funding, as Capital On Tap Enters US Markets

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

All Non-Essential UK Retail Businesses May Reopen from April 12, 2021, Funding Circle Confirms while Sharing Other Small Business Tips

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

Fintech Unicorn Brex Explains how Digital Commerce Startups can Scale Operations by Selling Wholesale

Silicon Valley-based Fintech Unicorn Brex recently explained how selling wholesale can help your business expand its operations. Brex notes that many digital commerce business owners start out quite small: an online shop or retail location, a “handful of new products” and perhaps a couple of… Read More

New Record for Lenders on October Platform: 5,672 Private Investors from France, Spain, Italy, the Netherlands lent to Sandaya Initiative

Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More

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